Mark & Emma Hill (aka Mole Hill Limited & Squeakedin Limited) have an interest in Hoglett Hamlett Limited so their total interest in the AR includes that. Total Hill interest is ~50%.
he hasnt spoken on this stock but if we look at the 6 month base line since the turn around and do channel as per Carter Braxton Worth what do we get..
They have an awful lot of stores in Australia which will be shut and now N.Z. as well. Trading right on the 100 day moving average line and the risk looks like a breakdown to me.
WHS is a needs based business, MHJ is not, that's all I will say about it apart from to again wish holders good luck.
Last edited by Beagle; 24-08-2021 at 01:31 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Beagle still not a fan even after an exceptional result. One thing he will like is how MHJ keep the wage subsidies they get from Aus/Can/NZ govts. No refunding going on over here, unlike WHS. Management very commercially focused taking every cent they can for shareholders.
WHS is a needs based business, MHJ is not..
On the call yesterday analysts asked if MHJ get any post lockdown revenge spending.. CEO and CFO highlighted Canada who are out of lockdown and posting +24% same store sales for the first seven weeks of FY22. They said they "felt Canada owed them" this sort of sales uplift post lockdowns and were happy to see it come to fruition. Probably fair to say NZ and Aus will experience the same post our lockdowns. Maybe humans do need the sparkly stuff? Retail therapy after tough lockdowns? We earned it I guess.
certainly hope it breaks down... NZX doesnt have machine learning algo's hitting it hard and only the SHAZ to support non NZX 50 stocks plus a few companies.
Doesnt look like the SHAZ are stupid and the buying is there today.
75-80 range would be a wonderful buying op.
big support line across 70-77.
As ONeil says the bigger the base the bigger the break out.
Looks like profit taking by some from the april update and last years bargain prices.
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Originally Posted by Waltzingironmansinlgescul
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